Price ranging the entire last week with low volume 0.675 seems like a nice resistance area where price could not close above. Looking bearish on this pair.
NZDCHF has broken above the 50 and 200 EMA and has been in a consolidation for quite a while.
As it finds its support and confirms it, we can expect a move higher up.
This is a very probable continuation pattern.
To be entered within the next 8-16 hours if everything goes as expected.
*I'd personally let this short term push up happen and wait for the low test after it, which will confirm that it can't go down, to enter in the long term up move.
There are 2 possible scenarios in this situation.
1- If prices hold strong above the 50 EMA, then the up move higher up is valid.
2- However, if we see the price failing to be strong above the 50 EMA and bouncing back up on top of it but rather consolidation under it, then we will see a reversal back down.


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